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World Unfurled… An entrepreneur travels the world. » A penny saved is not quite a penny earned.

A penny saved is not quite a penny earned.

August 23, 2005

Coinstar Logo A penny saved is 91.1% of a penny if you use the coinstar machine in my local super market. For the past 8 years I have been collecting my change and sticking it in a glass jar. Then I have been dumping the glass jar in to a gallon milk jug as the jar got full. As part of the final push to reduce clutter and save on moving and storage fees before my trip, I finally took the cash to a coinstar machine. I was dreading the fee. 8.9% seemed outrageous. When I got there I discovered that I could avoid the fee if I agreed to be paid in script, rather than cash. I had my choice of Starbucks, Linens and Things, and Amazon. I took my $708.06 payment as Amazon credit.

I got a printed receipt with a code number. I want to amazon.com/coinstar and typed in the code, and *POOF* a 708.06 gift certificate was added to my account.

Thanks, Coinstar!

2 Comments »

  1. That’s awesome. And absolutely amazing that you had that much in change.

    I am heading to coinstar later today.

    Comment by peter caputa — August 23, 2005 @ 12:43 pm

  2. Holy wow. I had no idea you could get that in script. That’s fantastic! I’ll have to give this a whirl next time.

    Comment by John — August 23, 2005 @ 3:00 pm

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